PiCK

XRP Whale Investors Accumulate 4.18 Billion Tokens Since October Crash

Source

Uk Jin

Summary

With XRP trading at relatively low levels versus its peak, it said signs have emerged that large investors have been engaging in sizable accumulation.
It noted that since the October 10 crypto selloff, XRP whales have additionally bought a total of 4.18 billion tokens, bringing their holdings to about 32% of circulating supply.
It added that despite heavy buying by whale investors, XRP has not recovered its high and is trading at $1.39, about 50% lower than on October 10.

Forecast Trend Report by Period

With XRP still trading at relatively low levels versus its peak, signs have emerged that large investors have been conducting sizable accumulation.

On the 6th (Korea time), The Crypto Basic, citing Santiment data, reported that from the time the sharp crypto selloff occurred on October 10 through the present, XRP whales (holding 10 million to 1 billion tokens) have additionally purchased a total of 4.18 billion XRP.

XRP holdings in these wallets now stand at 19.61 billion tokens, accounting for about 32% of circulating supply.

However, despite this heavy buying by whale investors, XRP has still failed to reclaim its high. As of 3:16 p.m. today, XRP was trading at $1.39, down 0.88% from the previous day. That is about a 50% decline compared with October 10.

XRP